Posts Tagged ‘news’

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Montreal, Quebec, July 6th, 2017. – Global entertainment leader Cirque du Soleil today announced the acquisition of New-York-based Blue Man Productions, a global live entertainment company best known for the award-winning Blue Man Group show, performed in over 20 countries and seen by more than 35 million people worldwide since 1991. The acquisition of Blue Man Group considerably widens Cirque du Soleil’s audience pool, adding to their portfolio six resident productions established across the United States and Germany, as well as a North American and a World Tour. The transaction is in line with Cirque du Soleil’s vision for the future, as the Montreal-based creative powerhouse looks to further expand globally and diversify its entertainment offering beyond circus arts. With its original aesthetics, award-winning musical talent and immersive experience know-how, the acquisition of Blue Man Group also represents an additional asset for Cirque du Soleil’s creative team and show offerings.

“We want to broaden our horizons, develop new forms of entertainment, reach out to new audiences and expand our own creative capabilities. Today, we are taking a decisive step towards materializing these ambitions”, said Daniel Lamarre, President and CEO of Cirque du Soleil. “We are extremely excited to welcome the iconic Blue Man Group to our portfolio of shows. Their unbridled creativity makes them a perfect cultural fit for Cirque du Soleil. Our extensive marketing research also confirms that Blue Man Group is a strong ‘love brand’ with a solid fan base – something else our two brands have in common.” For 25 years, Blue Man Group has earned an unrivaled reputation in the global entertainment industry. With a history and values ​​similar to that of Cirque, the company was born of a crazy dream in the creative minds of its three founders. Blending technology, music and comedy, they created boldly colored, playful and steadfastly interactive shows. The company currently operates resident shows in New York, Boston, Las Vegas, Chicago, Orlando and Berlin, as well as two touring productions.

Blue Man Group Co-Founder Phil Stanton explains, “When we began our Blue Man journey, we set our sights on creating theater that would bring people together in a celebration of human connection. We have been humbled, amazed and inspired by the audience responses we have received over the years.” Co-Founder Chris Wink adds, “Now, we find ourselves on the brink of our next chapter, and we have big ideas for the future. Only a global creative powerhouse like Cirque du Soleil could help us achieve our vision. Their commitment to artistic quality and originality is unparalleled and their creative resources are vast. It is an honor to join forces with their organization.”

About Blue Man Group
Blue Man Group was created in 1991 by three long-time friends from New York City: Chris Wink, Phil Stanton and Matt Goldman, who were determined they would achieve lives of meaning and purpose by following their own path. They created a ground-breaking performance centered on a bald and blue character they called Blue Man. Blue Man Productions is now a global entertainment company best known for the award-winning Blue Man Group show, performed in over 20 countries and seen by more than 35 million people worldwide since 1991. A dynamic combination of art, music, comedy and technology, the show’s euphoric celebration of human connection has universal appeal for a broad range of age groups and cultural backgrounds. Blue Man Group was owned by Co-Founders Chris Wink and Phil Stanton, and the GF Capital Private Equity Fund. Goldman Sachs & Co. LLC acted as exclusive financial advisor to Blue Man Group.

About Cirque du Soleil
From a group of 20 street performers at its beginnings in 1984, Cirque du Soleil has evolved from a world leading organization that reinvented circus arts to become a global live entertainment provider. From its international headquarters in Montreal, Canada, Cirque du Soleil has brought wonder and delight to more than 180 million spectators in over 450 cities in 60 countries on six continents. In 2017 alone, 18 shows are being simultaneously presented around the world. Cirque du Soleil also brings the same energy and spirit that characterize each of its shows to other spheres of activity, while maintaining stringent standards of artistic quality and originality. The company now has close to 4,000 employees, including 1,300 performing artists from close to 50 different countries. For more information about Cirque du Soleil, visit www.cirquedusoleil.com.

Montréal/Canada, July 6, 2017 – Cirque du Soleil has purchased Blue Man Group, merging two of the biggest names in live entertainment. Two of the biggest names in live entertainment are coming together, as today Cirque du Soleil announced its purchase of Blue Man Group. On July 6, 2017, Cirque du Soleil announced the acquisition of New-York-based Blue Man Productions, best known for the award-winning Blue Man Group show. Blue Man Group, which has performed in over 20 countries and seen by more than 35 million people worldwide since 1991, currently has six resident productions established across the United States and Germany, as well as a North American and a World Tour, which will be added to Cirque du Soleil’s portfolio.

“We want to broaden our horizons, develop new forms of entertainment, reach out to new audiences and expand our own creative capabilities. Today, we are taking a decisive step towards materializing these ambitions”, said Daniel Lamarre, President and CEO of Cirque du Soleil. “We are extremely excited to welcome the iconic Blue Man Group to our portfolio of shows. Their unbridled creativity makes them a perfect cultural fit for Cirque du Soleil. Our extensive marketing research also confirms that Blue Man Group is a strong ‘love brand’ with a solid fan base – something else our two brands have in common.”

Blue Man Group Co-Founder Phil Stanton explains, “When we began our Blue Man journey, we set our sights on creating theater that would bring people together in a celebration of human connection. We have been humbled, amazed and inspired by the audience responses we have received over the years.”

Blue Man co-Founder Chris Wink adds, “Now, we find ourselves on the brink of our next chapter, and we have big ideas for the future. Only a global creative powerhouse like Cirque du Soleil could help us achieve our vision. Their commitment to artistic quality and originality is unparalleled and their creative resources are vast. It is an honor to join forces with their organization.”

Blue Man Group currently operates a resident show at Universal Orlando’s CityWalk, as well as in New York, Boston, Las Vegas, Chicago, and Berlin, plus two touring productions. Cirque du Soleil already has 18 shows are being simultaneously presented around the world, including several in Las Vegas. La Nouba, the resident Cirque du Soleil show at Disney Springs in Florida, is closing at the end of 2017, with no announced replacement.

Euro Disney S.C.A. shares to be withdrawn on 19 June 2017 from the Euronext Paris

June 14, 2017 – The French financial markets regulator L’Autorité des marchés financiers has issued a notice confirming that Euro Disney S.C.A. shares will be compulsory withdrawn from the Euronext Paris stock exchange on 19 June 2017. The listing of Euro Disney S.C.A. shares on Euronext Paris was suspended prior to the opening of the stock exchange yesterday.

The 19 June 2017 will also be the date of the start of the implementation of the compulsory withdrawal procedure for Euro Disney S.C.A. shares belonging to shareholders who never took part in the Simplified Cash Tender Offer.

The Walt Disney Company will be compulsory buying the remaining shares from shareholders at €2.00 per share.

Final results of the simplified public tender offer on Euro Disney S.C.A.The Walt Disney Company to implement a mandatory buy-out and delisting

Paris, Jun 13, 2017 (PR Newswire Europe via COMTEX) — EDL Holding Company, LLC, Euro Disney Investments S.A.S. and EDL Corporation S.A.S. (the “Bidders”) announce that on June 13, 2017, the Autorite des Marches Financiers (the “AMF”) published a notice announcing the final results of their simplified public tender offer on Euro Disney S.C.A. (the “Offer”) and stated that 86,269,445 shares representing 11.01% of the share capital of Euro Disney S.C.A. had been tendered into the Offer.

As previously announced, EDL Holding, LLC, Euro Disney Investments S.A.S. and EDL Corporation S.A.S. will implement a mandatory buy-out and delisting to allow the transfer of the shares of Euro Disney S.C.A. not already owned by the Bidders in exchange for a consideration equal to the price offered in the Offer.

For that purpose, Euronext Paris has been requested to suspend the trading of Euro Disney S.C.A.’s shares today before the market opening.

Paris, 22nd March 2017 – The CEO of The Walt Disney Company has stated without doubt that the best way forward in terms of managing Disneyland Paris “successfully and creatively” is that it becomes the sole owner of the resort. Speaking at The Walt Disney Company’s annual shareholders meeting, Bob Iger went on to say that taking full control of Disneyland Paris would allow them to “make the kind of investments that we’d like to make to continue its success.”

Walt Disney CEO Robert Iger about the Buy-Out of Disneyland Paris

“We did make an announcement that we are attempting to buy in what is left of the public ownership of that entity. It was a business structure that was set up when we opened. It had public shareholders with separate trading stock.” We believe that the best path forward, in terms of managing that business successfully — and creatively by the way — is for us to be the primary owners, or the sole owners really, of that business, because that will give us the ability to make the kind of investments that we’d like to make to continue its success.”

This suggests that, should The Walt Disney Company be successful in its reported bid to buy up the remaining Euro Disney S.C.A. shares, it would be ready to invest significant sums to expand and upgrade Disneyland Paris to meet its expectations — likely including new park attractions. The hasty addition of “creatively” managing the resort is also interesting. As much as The Walt Disney Company could bring major investments and improved standards to the Parisian resort, this control could bring with it some less popular elements of its American resorts.

Higher Annual Pass pricing, closing popular attractions for (rumoured) Marvel replacements, making Star Wars a lynchpin of the business (at whatever cost) and even such minor changes as charging for hotel breakfasts are all examples which have already made their way to Disneyland Paris.

Nevertheless, the benefits hugely outweigh the negatives and for Disneyland Paris, at this stage in its finances, there’s almost no other way out. We should next find out more about these major developments at Euro Disney S.C.A.’s own Annual General Meeting of Shareholders, to be held on Friday, 31st March 2017 at Disney’s Hotel New York.

“Everyday’s a Celebration
Of wishes coming true
You don’t need an invitaion
We’re always here for you
Days and nights are filled with laughter
There’s always something new
In a world of adventure, enchantment, excitement
From out of the blue, it’s too good to be true
Could it be?
Come and see
You’re always at home here at Disneyland Paris
And even as you go
You never really go
The memories that we make here
Will go on and on and on

Everyday’s a Celebration
Of wishes coming true
You don’t need an invitaion
We’re always here for you
Days and nights are filled with laughter
There’s always something new
In a world of adventure, enchantment, excitement
From out of the blue, it’s too good to be true
Could it be?
Come and see
You’re always at home here at Disneyland Paris”

London/Paris (Reuters), March 14, 2017– An activist hedge fund has criticized plans by Walt Disney (DIS.N) to take full control of debt-laden Paris theme park operator Euro Disney (EDLP.PA), according to a letter seen by Reuters.

Paris-based CIAM, which owns 1.4 percent of Euro Disney shares, has written to the board of the French company to object to what it believes are plans by Walt Disney to force out minority shareholders. It said it has the support of more than 5 percent of Euro Disney shareholders, including its holding.

“The Walt Disney Company seeks to force out the remaining minority shareholders by offering them a new public offer, under penalty of having to undergo a strong dilution later,” said the letter, dated March 6. CIAM has not declined Walt Disney’s offer but is monitoring the situation, a source familiar with the matter said.

Euro Disney defended the terms of the Walt Disney takeover. “Given the financial challenges faced by Euro Disney, The Walt Disney Company has developed a long-term solution that takes into account all stakeholders,” it said in a statement. “We believe such an operation will provide Euro Disney with a strong financial footing to continue its strategy, while providing minority shareholders the opportunity to exit at a significant premium,” it added.

Walt Disney last month announced plans to take full control of Euro Disney, after raising its stake to 85.7 percent through a deal with Saudi billionaire Prince Alwaleed bin Talal. Walt Disney has said it would also support a recapitalisation of up to 1.5 billion euros, helping cut debt and improve Euro Disney’s financial position.

Minority shareholders will be offered 2 euros ($2.13) a share to sell their stake to Walt Disney – a 67 percent premium to Euro Disney’s share price on Feb 9, which was the day before the offer was announced. Walt Disney will buy out and delist the remaining shares from the Euronext Paris stock exchange if it gets to a stake of at least 95 percent. The shares stood at 1.99 euros on Tuesday.

Disneyland Paris opened in 1992 and has struggled financially for much of that time, after making overly optimistic visitor projections and taking on too much debt. Deadly attacks in Paris in 2015 by Islamist militants also hit the broader French tourism sector, and Euro Disney racked up a net loss of 858 million euros in 2016.

Get “Chained To The Rhythm”: http://katy.to/cttrOfficial video for “Chained to the Rhythm” directed by Mathew Cullen, produced by Danny Lockwood, Rob Newman, Ben Leiser & Javier Jaminez. Filmed at Six Flags Magic Mountain, California, “The Thrill Capital of the World”, January 2017.

Are we crazy Living our lives through a lens Trapped in our white picket fence Like ornaments

So comfortable, we’re living in a bubble, bubble So comfortable, we cannot see the trouble, trouble

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So put your rose-colored glasses on And party on

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Turn it up, it’s your favorite song Dance, dance, dance to the distortion Turn it up, keep it on repeat Stumbling around like a wasted zombie Yeah, we think we’re free Drink, this one’s on me We’re all chained to the rhythm To the rhythm To the rhythm

Are we tone deaf Keep sweeping it under the mat Thought we could do better than that I hope we can

So comfortable, we’re living in a bubble, bubble So comfortable, we cannot see the trouble, trouble

So put your rose-colored glasses on And party on

Turn it up, it’s your favorite song Dance, dance, dance to the distortion Turn it up, keep it on repeat Stumbling around like a wasted zombie Yeah, we think we’re free Drink, this one’s on me We’re all chained to the rhythm To the rhythm To the rhythm

Turn it up, it’s your favorite song Dance, dance, dance to the distortion Turn it up, keep it on repeat Stumbling around like a wasted zombie Yeah, we think we’re free Drink, this one’s on me We’re all chained to the rhythm To the rhythm To the rhythm

It is my desire Break down the walls to connect, inspire Up in your high place, liars Time is ticking for the empire The truth they feed is feeble As so many times before They greed over the people They stumbling and fumbling And we about to riot They woke up, they woke up the lions

Turn it up, it’s your favorite song Dance, dance, dance to the distortion Turn it up, keep it on repeat Stumbling around like a wasted zombie Yeah, we think we’re free Drink, this one’s on me We’re all chained to the rhythm To the rhythm To the rhythm

Disney bails out European theme park again with $2 billionThe Walt Disney Company is once again coming to the rescue of its only theme park in Europe

February 10, 2017: 9:53 AM ET – Disney said Friday that it will increase its stake in Euro Disney to 85.7% from 76.7%. It is also offering to buy the rest of the company for €2 per share, bringing the potential value of the transaction to €356 million ($379 million).Disney said it will also pump up to €1.5 billion ($1.6 billion) into the park to “address its financial needs.” Since opening in 1992, Disneyland Paris says it has become Europe’s top tourist attraction by visitor numbers. But it struggled with huge debts and weak attendance in the aftermath of Europe’s debt crisis.

A series of terror attacks in Paris have increased pressure on the park. Disney said Friday that the operation’s financial position has been “significantly and negatively impacted” by the November 2015 terror attacks in Paris and what it described as “challenging business conditions” in Europe. The number of visitors to the theme park dropped to 13.4 million in 2016, from 14.8 million the previous year. Hotel occupancy rates and average spending per rooms have also declined.

Disney has been forced to bail out the struggling theme park at least three times. In 2014, it invested €1 billion ($1.1 billion) into the park as part of an effort to develop new attractions and hotels. Data from the UN’s World Tourism Organization show international visitor numbers to France fell by about 5% in the first nine months of 2016. Traveler spending in the country also slumped 6.6% in 2016. If travelers continue to shun France in favor of other destinations, it could soon be overtaken by the United States as the world’s most popular tourist destination. The country has been in an official state of emergency since the November 2015 attacks.

The Walt Disney Company Announces an Increase in its Interest in Euro Disney; its Intention to Launch a Tender Offer for all Remaining Euro Disney Shares and a mandatory buy-out if the 95% threshold is reached; and a Proposal to Restore Disneyland Paris’ Financial Position

– The proposed transaction will increase Disney’s interest in Euro Disney to 85.7% from 76.7%.

– The price for the transaction is €2.00 per share and will be paid in shares of Disney common stock.

– Disney also announces its intention to make a cash tender offer for all remaining outstanding shares of Euro Disney at a price of €2.00 per share, representing a 67% premium to Euro Disney’s trading price at its close on February 9, 2017.

– Subsequent to the completion of the tender offer, Disney is committed to support a recapitalization of up to €1.5 billion for the Euro Disney group of companies (“Group”) to address the Group’s financial needs.

PARIS, Feb. 10, 2017 /CNW/ — Today The Walt Disney Company (“Disney”) announced that it will acquire through one of its subsidiaries 90% of Kingdom Holding Company’s (“Kingdom”) shares in Euro Disney S.C.A. (“Euro Disney”) at a price of €2.00 per share, increasing its interest in Euro Disney to 85.7%. Disney also announced that this subsidiary intends to make a cash tender offer for all remaining outstanding shares of Euro Disney at a price of €2.00 per share, representing a 67% premium to the trading price at the close on February 9, 2017. Moreover, Disney has informed Euro Disney that it is committed to support a recapitalization of up to €1.5 billion for the Euro Disney group of companies (“Group”) to enable the Group to continue implementation of improvements to Disneyland® Paris, reduce debt and increase liquidity.

As previously reported by Euro Disney, despite the recapitalization announced in 2014 that enabled the Group to make attraction and hotel improvements which have generated positive guest feedback and set the stage for the Resort’s 25th Anniversary celebration this year, the Group’s financial condition has been significantly and negatively impacted by the November 2015 events in Paris and the challenging business conditions that continued through 2016 in France and throughout Europe. The comprehensive proposal announced by Disney affords maximum flexibility to shareholders, addresses the Group’s financial needs and reflects its ongoing support for the long-term success of Disneyland® Paris.

Euro Disney’s Supervisory Board has expressed its support of these developments, and its interest in evaluating this proposal. The Board has asked its audit committee, which is comprised solely of independent members, to make a recommendation for the appointment of an independent expert to deliver a fairness opinion in connection with the proposed tender offer.

Transaction Details:
The acquisition of Euro Disney shares will occur through an off-market block trade and is scheduled to close on February 15, 2017. The purchase price of €2.00 per share will be paid in shares of Disney common stock, based on Disney’s closing price on the New York Stock Exchange on February 14, 2017 and the Euro-U.S. exchange rate published by the European Central Bank on the same day. The seller will be Kingdom 5-KR-11, Ltd, a subsidiary of Kingdom, and the purchaser will be EDL Holding Company, LLC (“EDL”), a wholly-owned subsidiary of Disney through which Disney historically has held its interest in Euro Disney. As a result of this transaction, Kingdom’s ownership interest in Euro Disney will decrease from 10.0% to 1.0%.

In connection with this transaction, EDL intends to make a voluntary tender offer for all of the Euro Disney shares not already owned by Disney subsidiaries at a cash price of €2.00 per share. If EDL and the other Disney subsidiaries acting in concert with it collectively own at least 95% of Euro Disney’s common shares following completion of the voluntary tender offer, EDL will promptly proceed with a mandatory buy out and delisting of the Euro Disney shares from Euronext Paris. An indicative timetable is attached to this press release.

Disney has also informed Euro Disney that it is committed to support a recapitalization of up to €1.5 billion as described below:

– If Euro Disney remains a listed company, Disney would expect the recapitalization to take the form of a subscription by the applicable Disney subsidiaries of their pro-rata share of a €1.23 billion rights offering by Euro Disney together with a backstop of (and at the same price as) the rights offering by one or more of such subsidiaries, ensuring that Euro Disney will be able to raise the full amount contemplated by the rights offering, combined with a direct €270 million cash investment in equity at the level of Euro Disney Associés S.C.A., the main operating subsidiary of Euro Disney, and contribution of the proceeds of the rights offering by Euro Disney to Euro Disney Associés S.C.A. to maintain the ownership level of Euro Disney Associés S.C.A. by Euro Disney at its current 82%. Proceeds would be used to enable the Group to continue implementation of improvements to Disneyland Paris, repay most or all of the Group’s indebtedness and increase liquidity. The rights offering described above would be subject to the prior approval of Euro Disney’s shareholders at a shareholders’ meeting.

– If Euro Disney is delisted, Disney would expect the recapitalization to be in the same amount and to also consist entirely of equity contributions to the Group, but the allocation of such contributions between Euro Disney and its subsidiaries could vary compared to what is described above. The proceeds would be used for the same purposes as described above.

The proposed tender offer will be subject to review and clearance by the Autorité des marchés financiers of a Tender Offer Prospectus (Note d’information). In addition, any rights offering will be subject to review and clearance by the Autorité des marchés financiers of an Offering Prospectus (Note d’opération).

About The Walt Disney Company:
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international entertainment and media enterprise with the following business segments: media networks, parks and resorts, studio entertainment, and consumer products and interactive media. Disney is a Dow 30 company and had annual revenues of $55.6 billion in its Fiscal Year 2016.

About Kingdom Holding Company
Founded in 1980, Kingdom Holding Company is a publicly traded company, which was listed on Tadawul (the Saudi Stock Exchange) in 2007. Kingdom Holding Company is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player regionally and internationally.

About Euro Disney S.C.A.
Euro Disney S.C.A. is the holding company for Euro Disney Associés S.C.A., the primary operating company of Disneyland® Paris. Disneyland Paris is comprised of the Disneyland® Park, the Walt Disney Studios® Park, seven themed hotels with approximately 5,800 rooms (excluding approximately 2,700 additional third-party rooms located on the site), two convention centers, the Disney Village®, a dining, shopping and entertainment center, and golf courses. Euro Disney S.C.A. is also responsible for the development of the 2,230-hectare property including and surrounding Disneyland Paris. Euro Disney S.C.A.’s shares are listed and traded on Euronext Paris.

FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the proposed tender offer, all statements regarding The Walt Disney Company’s or EDL Holding Company, LLC’s expected future financial position, results of operations, cash flows, dividends, financing plans, business strategy, budgets, capital expenditures, competitive positions, growth opportunities, plans and objectives of management, and statements containing the words such as “anticipate,” “approximate,” “believe,” “plan,” “estimate,” “expect,” “project,” “could,” “would,” “should,” “will,” “intend,” “may,” “potential,” “upside,” and other similar expressions. Statements in this press release concerning the business outlook or future economic performance, anticipated profitability, revenues, expenses, dividends or other financial items, and product or services line growth of The Walt Disney Company or EDL Holding Company, LLC, together with other statements that are not historical facts, are forward-looking statements that are estimates reflecting the best judgment of The Walt Disney Company or EDL Holding Company, LLC based upon currently available information.

Such forward-looking statements are inherently uncertain, and stockholders and other potential investors must recognize that actual results may differ materially from The Walt Disney Company’s or EDL Holding Company, LLC’s expectations as a result of a variety of factors. Such forward-looking statements are based upon management’s current expectations and are subject to a significant business, economic and competitive risks, uncertainties and contingencies, many of which are unknown and many of which The Walt Disney Company or EDL Holding Company, LLC is unable to predict or control. Such factors may cause The Walt Disney Company’s or EDL Holding Company, LLC’s actual results, performance or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors discussed or identified in public filings that have been, or will be, made by The Walt Disney Company (or EDL Holding Company, LLC as the case may be) with the French Autorité des marchés financiers (the “AMF”) and/or the United States Securities and Exchange Commission (the “SEC”) from time to time. The Walt Disney Company and EDL Holding Company, LLC caution investors that any forward-looking statements made by The Walt Disney Company or EDL Holding Company, LLC are not guarantees of future performance. The Walt Disney Company and EDL Holding Company, LLC disclaim any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments.

OTHER IMPORTANT INFORMATION
The documentation relating to the proposed tender offer – if filed – will include the terms and conditions of the tender offer, which will be submitted to the Autorité des marchés financiers. It is strongly recommended that investors and shareholders located in France read, when available, the documentation relating to the tender offer, as well as any amendments to those documents, as they will contain important information about The Walt Disney Company, EDL Holding Company, LLC, Euro Disney S.C.A. and the proposed transaction.

This press release must not be published, broadcast or distributed, directly or indirectly, in any country in which the distribution of this information is subject to legal restrictions. The tender offer will not be open to the public in any jurisdiction other than France in which its launch is subject to legal restrictions.

The release, publication or distribution of this press release in certain countries may be subject to legal or regulatory restrictions. Therefore, persons located in countries where this press release is released, published or distributed must inform themselves about such restrictions and comply with them. The Walt Disney Company, EDL Holding Company, LLC and Euro Disney S.C.A. disclaim any responsibility for any violation of such restrictions.

Tender Offer – Indicative Timetable

February 10, 2017
Press release announcing the intention of EDL Holding Company, LLC (the “Bidder”) to make a tender offer at €2.00 per Euro Disney share.

March 29, 2017
Filing with the AMF of the Bidder’s draft offer document.

Publication by the Company of a press release informing the public of the availability of (i) the Bidder’s Offer Document, (ii) the Company’s Response Document, (iii) the “Other Information” document, containing legal, accounting and financial characteristics of the Bidders and (iv) the “Other Information” document, containing legal, accounting and financial characteristics of the Company.

April 21, 2017
Opening of the Offer.

May 19, 2017
Last day on which the Offer is open.

June 1, 2017
Publication of a notice announcing the final results of the Offer by the AMF.

June 5, 2017
Settlement and delivery of the Offer.

Starting on June 12, 2017
If applicable, mandatory buy-out and Delisting.